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2015 (7) TMI 1160 - HC - Central ExciseStay for an unlimited period - Section 35G of the Central Excise Act, 1944 - interpretation of statute - Held that: - In the Commissioner of Central Excise v. M/s. Magnum Ventures Ltd. [2015 (8) TMI 1075 - ALLAHABAD HIGH COURT], this Court clarified that the interim order granted by the Tribunal will not continue beyond 365 days from the date it has been passed and has further clarified that after expiry of 365 days the assessee would be at liberty to make a fresh application for extension of the interim order - in view of the provisions of Section 35C(2A) of the Act the interim order passed by the Tribunal will have a limited life. Upon the expiry or immediately before the expiry, it would be open to the assessee to move a fresh stay application. If such an application is filed before the Tribunal, the Tribunal will consider and decide the same in accordance with law after hearing all the parties concerned - matter on remand.
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